In a situation where the major cryptocurrencies are all falling, PI surged directly to 3 last night and then quickly dropped back to 2.1, clearing all leverage and joy. After the adjustment, it continued to rise, and with the major market declining, altcoins are not following much anymore, many coins like PNUT, ACT, SATS, TIA, KAITO, etc., are all waiting for a reversal in the market; these will certainly rise the most when it comes.
Currently, the fear index has reached 10, extreme fear. This kind of indicator has only been seen before during 312 and 519. A relatively large bottom should appear this week or next. Currently, altcoins are not following the decline, and the revival of the meme market is a very good phenomenon.
For recent operations, it is still safer to focus on short-term trades, setting stop losses. If you catch the bottom needle, you can take trend positions. The operations of Cool Xi belong to an artistic level of appreciation; they can only be observed. Scholars perish; last night I saw several people reply that they had been liquidated. Don't wait until the real market comes; the bullets are already gone. This Friday, $5 billion worth of Bitcoin options on Deribit will expire, and market volatility is expected to be quite large.
